1455 1st Ave
Oakland, CA 94606
The Johanna Apartments · Multifamily Property For Sale
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18 Units
Property Facts
| No. Units | 18 | Building Size | 11,006 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1912 |
| Building Class | C | Parking Ratio | 1.64/1,000 SF |
| Lot Size | 0.18 AC | ||
| Zoning | R80, Oakland - Residential | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 11,006 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 1.64/1,000 SF |
| Zoning | R80, Oakland - Residential |
Amenities
Unit Amenities
- Heating
Site Amenities
- Laundry Facilities
About 1455 1ST AVE , OAKLAND, CA 94606
Originally constructed in 1923, 1455 1st Avenue is a prime-located, 18-unit apartment building located in the East Lake/Merritt neighborhood of Oakland. The well-maintained property offers the right investor an opportunity to take a charming building in an A+ location to the next level. The Morakot Apartment's boast a unit mix of six (6) Studios, six (6) Large Studios and six (6) 1 bedroom apartments. The large units feature new carpet and hardwood floors, lots of natural light, and opportunity for higher occupancy levels. The unique unit mix ensures reliable turnover, twelve of the eighteen units have been renovated in the last 12 years. 1455 1st Avenue is ideally located, a mere 200 feet from Lake Merritt in the highly-sought Merritt/East Lake district of Oakland. Recently, this mostly residential neighborhood has become focus for renters and investors alike, attracted by it's proximity to Lake Merritt, Downtown Oakland, Jack London Square, public and private transportation, grocery stores, restaurants and nightlife. The area has seen a bit of a renaissance of late, which is expected to continue by investors and developers alike.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | 500 |
| 1+1 | 6 | - | 750 |
Property Taxes
| Parcel Number | 020-0129-004-00 | Improvements Assessment | $1,293,149 |
| Land Assessment | $752,641 | Total Assessment | $2,045,790 |
Property Taxes
